Knoxville, TN-based SmartBank signed an agreement to acquire Tuscaloosa, AL-based Capstone Bank. Upon the completion of the transaction, the combined company is expected to have assets in excess of $1.5 billion.
“This is a compelling acquisition and we’re excited to partner with Capstone as we look to grow and further expand our footprint in the Southeast,” said SmartBank President and CEO Billy Carroll. “Capstone is a great community bank, and we admire their leadership and the culture they’ve created.
